Peddock Capital Advisors LLC Has $2.61 Million Stake in Target Co. (NYSE:TGT)

Peddock Capital Advisors LLC boosted its holdings in Target Co. (NYSE:TGT) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,306 shares of the retailer’s stock after buying an additional 156 shares during the period. Peddock Capital Advisors LLC’s holdings in Target were worth $2,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Vanguard Group Inc. grew its stake in shares of Target by 1.6% during the third quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock worth $4,923,428,000 after purchasing an additional 702,565 shares during the period. FMR LLC increased its stake in shares of Target by 26.5% in the 3rd quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after acquiring an additional 1,415,900 shares during the last quarter. Northern Trust Corp raised its position in shares of Target by 2.7% in the 3rd quarter. Northern Trust Corp now owns 5,146,067 shares of the retailer’s stock valued at $569,001,000 after acquiring an additional 134,262 shares during the period. Stifel Financial Corp boosted its stake in Target by 8.8% during the 3rd quarter. Stifel Financial Corp now owns 3,569,969 shares of the retailer’s stock worth $394,739,000 after acquiring an additional 287,748 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Target by 3.8% during the third quarter. Invesco Ltd. now owns 3,469,168 shares of the retailer’s stock valued at $383,586,000 after purchasing an additional 127,491 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

NYSE:TGT traded up $0.47 during mid-day trading on Wednesday, hitting $160.88. The stock had a trading volume of 1,007,652 shares, compared to its average volume of 3,656,725. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The stock has a market cap of $74.43 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.48 and a beta of 1.17. The company’s 50 day simple moving average is $166.79 and its 200 day simple moving average is $145.90.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. During the same period in the previous year, the company posted $1.89 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is presently 49.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Telsey Advisory Group lifted their target price on Target from $160.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Royal Bank of Canada boosted their target price on Target from $157.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus raised their price target on Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Finally, Bank of America boosted their price objective on Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.85.

Insider Transactions at Target

In related news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,600 shares of company stock worth $8,819,598. 0.23% of the stock is owned by insiders.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.